A company must accrue a liability for sick pay that accumulates but does not vest.

Name: A company must accrue a liability for sick pay that accumulates but does not vest.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A company is not required to accrue a liability for sick pay that accumulates but does not vest because it does not represent an obligation that the company is certain to settle, as employees may not use the accumulated sick pay if it does not vest.

A Company Must Accrue a Liability for Sick Pay That